Annual report pursuant to Section 13 and 15(d)

Statements of Operations

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Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]    
Revenue, net $ 1,032,233 $ 1,331,764
Cost of sales 343,354 878,461
Gross profit 688,879 453,303
Operating expenses:    
Research and development 9,358,957 7,860,987
Selling, general and administrative 7,540,152 5,024,616
Total operating expenses 16,899,109 12,885,603
Loss from operations (16,210,230) (12,432,300)
Other income (expense):    
Interest income 23,546 15,164
Interest expense (17,538) (655,557)
Local business tax (9,035) (17,753)
Other income 144,503  
Total other income (expense), net 141,476 (658,146)
Loss before income taxes (16,068,754) (13,090,446)
Income tax benefit      
Net loss $ (16,068,754) $ (13,090,446)
Basic and diluted net loss per share $ (0.56) $ (0.74)
Shares used to compute basic and diluted net loss per share 28,779,229 17,735,757